This article will answer your questions about insurance license renewal in Delaware. Using BetterCE’s straightforward, two-step process, you can renew your Delaware insurance license smoothly and easily.
The requirements for renewing your Delaware insurance license are pretty basic. First, make sure you know your license expiration date. In Delaware, insurance licenses expire every even-numbered year on February 28th. The renewal period begins 60 days prior to the expiration date – so if you are outside of 60 days from your license expiration date, you will not be able to renew your license yet.
If you are unsure of your expiration date or other license information, you can view your license detail, CE Requirements, and balance of earned credits at any time through the Delaware Department of Insurance Agent Lookup hosted by SBS.
Once you know when your license expires, follow these two steps to keep it active:
- Complete your Delaware insurance license continuing education requirements.
- Submit your renewal application and pay the associated fees before your expiration date
Step #1: Complete Your Delaware Insurance License CE Requirements
All major lines licensed agents in Delaware are required to complete 24 credit hours of continuing education every two years prior to their license expiration date. Of the 24 credits required, at least 3 of the credits must be done in courses approved for the category of Ethics Training. Major lines include agents licensed to sell Life, Accident and Sickness, Property, Casualty, and Personal Lines.
Even if you hold multiple licenses, you will only need to complete a maximum of 24 credit hours. For example, if you hold a property line of licensing as well as a Life insurance license, you only need to complete a maximum of 24 credits.
Special Training Requirements for Delaware Insurance Agents
There are special training requirements for agents selling Flood Insurance, Annuities, and Long-Term Care. These courses will generally apply towards your CE requirements if taken from an approved CE provider.
Flood Insurance
If you are licensed in a property line of authority and will be selling flood insurance, you must complete a one-time, two-hour Flood Training Course.
Annuity Training
If you will be selling, soliciting, or negotiating an annuity product, you will need to complete a one-time, four-hour Annuity Training course.
Long-Term Care
If you will be selling, soliciting, or negotiating a long-term care policy, you must complete at least three hours of training in Delaware long-term care insurance during the biennium when the policy was solicited.
Besides the 3 hours of Ethics training, you can take the remaining courses (21 credits) in any subject matter as long as they have been approved by the Delaware Department of Insurance.
Exemptions from CE Requirements
Delaware offers limited exemptions from having to complete your CE requirements. Non-Resident Agents, Limited Lines Producers, and certain others may be exempt. Additionally, licensees continuously licensed for 25 years or longer prior to the start of a biennium reporting period or those holding recognized professional designations receive an automatic credit of 12 credits in each biennium.
Step #2: Submit Your Delaware Insurance License Renewal Application
Once you have completed all of your CE requirements, you are ready to renew your Delaware insurance license. This must be done prior to your license expiration date and when you are within 60 days of the expiration date.
When you are ready to renew, you can do so through NIPR.com. The renewal fee for Delaware is $100 + $5 processing fee.
What Happens if I Miss the Delaware License Renewal Deadline?
If you don’t complete your renewal requirements prior to your license expiration date, it will render your license inactive, and you won’t be allowed to conduct insurance business. However, you have up to 1 year to reinstate your license, but there are considerable administrative depending upon how long you wait to reinstate. Licensees have up to 6 months to reinstate their license for an additional late fee of $100 ($200 total). Beyond 6 months, and up to 1 year beyond the expiration date, agents can reinstate by paying the renewal fee, late fee, and additional administrative fee ($400 total).
Keep in mind that any outstanding CE must be completed as well.
If your license has been inactive for more than 1 year, you’ll need to complete the full re-application process, including fingerprinting, and pass a licensing exam.
Start Your Delaware License Renewal Continuing Education Now
Even though you have two years to complete your 24 hours of continuing education, it’s always best to start as soon as possible. BetterCE offers all the courses you’ll need to fulfill your requirements. You can view them all in our Delaware Insurance Continuing Education Course Catalog.
We offer text-based courses that you can complete anywhere, anytime! When taking quizzes and exams, you can re-test as many times as you need. For added convenience, you can access all of our courses from a web browser or mobile device.
Read more in our blog: A Guide to Insurance Continuing Education (CE) 2024
Completions Reported the Same Day – Fast and Reliable CE Credit Reporting
Unlike most other CE providers, BetterCE offers same-day credit reporting. We report twice daily, so your credits will be submitted to the Delaware Department of Insurance within hours of completing your coursework. Keep in mind that it usually takes the Department of Insurance up to 24 hours to process these submissions and make your renewal application available to you. So, we strongly encourage agents to complete their CE requirements at least 2 days in advance of their license expiration date.
When Will My Insurance CE Credits Get Reported After I Complete Insurance Continuing Education?
Summary of Steps to Keep Your Delaware Insurance License Active
Renewing your Delaware insurance license is an important process. Let’s briefly summarize the steps involved:
- Your license expiration date is February 28th of every even numbered year
- Determine your continuing education requirements
- Enroll in courses well in advance of your expiration date
- Complete your courses
- Renew your license
Everything you need to renew your Delaware insurance license is available through our website. Should you have any questions, feel free to call our office, where our compliance support professionals will be delighted to assist you.
If your renewal date is approaching, don’t wait until the last minute! Sign up for courses now through BetterCE and experience the most trusted and convenient way to keep your license active.
Get Started Now – Renew Your Delaware Insurance License on Time!!
At BetterCE, we’ve proudly helped insurance agents navigate their licensing requirements and renewal processes. Our commitment to providing affordable, convenient CE solutions is matched only by our reliable, expert support. Join our community of satisfied agents and experience the ease and excellence of BetterCE today!
If you have a question or need help, call 1-888-501-7330 for our customer care team. Then, fill out our Contact Form and get a conversation started with us today!
